H.4.1 Factors Affecting Reserve Balances of Depository Institutions

H.4.1 BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM (For Immediate Release) May 21, 1953• CONDITION OF THE FEDERAL RESERVE BANKS Member Bank Reserves and Related Items During the week ended May 20, Member bank reserves decreased $88 million. The principal change reducing reserves was a decrease of $543 million in Reserve Bank credit. The principal offsetting changes were decreases of $283 million in Treasury deposits with Federal Reserve Banks, $80 million in Other deposits with Federal Reserve Banks, $50 million in Money in circulation, and $34 million in Foreign deposits with Federal Reserve Banks. The decrease of $543 million in Reserve Bank credit resulted from a decrease of $734 million in Loans, discounts and advances, and increases of $148 million in Float, $40 million in U. S. Government securities bought outright, and $3 million in U. S. Government securities held under repurchase agreement. Holdings of U. S. Government securities bought outright reflected an increase of $40 million in bills. Change since Member Bank Reserves May 20, May 13, May 21, and Related Items 1953 1953 1952 (In millions of dollars) Reserve Bank credit: U. S. Government securities — Bought outright 23,891 + 40 4-1, 608 Held under repurchase agreement 31 + 3 + 31 Loans, discounts and advances 533 -7 3b + 29 Float 832 +148 - 176 Total 25,288 -543 +1,494 Gold stock 22,56? + 1 - 736 4,844 + 3 + 105 Treasury currency outstanding Money in circulation 29,795 - 50 +1,312 Treasury cash holdings 1,282 - 3 + 3 Treasury deposits with F. R. Banks 145 -283 - 239 Foreign deposits with F. R. Banks 584 - 34 + 12 Other deposits with F, R. Banks 286 - 80 + 45 Other F. R. accounts (net) 777 - 3 + 32 Member bank reserves 19,824 - 88 - 303 Required reserves (estimated) 19,348 + 56 + 167 Excess reserves (estimated) 476 -144 - 470 Daily averages for period-- Estimated excess reserves of member banks 581 - U2 - 109 Member bank borrowings at F. R. Banks 845 -468 + 488 U.S. Government securities held in custody by the Federal Reserve Banks for foreign account were $2,364 million, a decrease of $43 million for the week and an increase of $667 million from the comparable date a year ago. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Change since May 20, May 13, May 21, 1953 1953 1952 A S S E TS Gold certificates 20,635,602 2,501 782,648 Redemption fund for F. R. notes 748,196 + 3,451 + 59,785 Total gold certificate reserves 21,3^3,790 + 950 - 722,063 Other cash 331,943 + 5,598 ~ 5,510 Discounts and advances 529,815 - 733,980 + 31,209 Industrial loans 3,627 - 36 - 1,649 U. S. Government securities: Bought outright--. Bills 599,754 + 40,000 + 549,754 Certificates 4,995,716 — —— - 6,533,090 Notes 13,773,671 — — + 8,205,598 Bonds 4,521,975 - - - - 613,848 Total bought outright 23,091,116 + 40,000 + 1,600,414 Held under repurchase agreement 30,800 + 2,400 + 30,800 Total U. S. Government securities 23,921,916 + 42,400 + 1,639,214 Total loans and securities 24,455,358 - 691,616 + 1,668,774 Due from foreign banks 23 — — - 5 F. R. notes of other banks 148,203 + 3,465 7,024 - Uncollected cash items 4,118,903 + 114,595* + 160,750 Bank premises 49,927 + 387 + 5,095 Other assets 230,374 4" 9,379* + 34,539 TOTAL ASSETS 50,710,529 - 557,242* + 1,133,756 L I A B I L I T I ES Federal Reserve notes 25,534,793 46,432* + 1,210,460 - Deposits: Member bank—reserve accounts 19,824,214 88,271 302,308 U. S. Treasurer--general account 144,703 - 283,458 - 239,610 Foreign 584,167 - 33,516 + 11,920 Other 286,374 - 79,488 + 45,193 Total deposits 20,039,450 - 484,733 - 484,805 Deferred availability cash items 3,286,478 - 33,382* + 336,000 Other liabilities and accrued dividends 20,177 + 115 + 2,637 TOTAL LIABILITIES 49,680,906 564,432* + 1,064,292 - C A P I T AL A C C O U N TS Capital paid in 257,678 + 99 + 14,306 Surplus (Section 7) 584,676 — m -» + 46,334 Surplus (Section 13b) 27,543 — •» — - -"V Other capital accounts 167,726 + 7,091* + 8,824 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 50,718,529 - 557,242* + 1,133,756 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 46.1$ + .5$ 2.3# - Contingent liability on acceptances purchased for foreign correspondents 32,703 - 202 + 24,612 Industrial loan commitments 2,710 + 50 3,496 - *May 13 figures revised MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 20, 1953 (Securities held under repurchase agreement are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Discounts and Industrial U. S. Government advances loans securities Within 15 days 469,937 - 899 ' 1,207,06b 16 to 90 days 59,843 567 731,654 91 days to 1 year 35 2,012 12,279,775 Over 1 year to 5 years 149 6,914,164 Over 5 years to 10 years 1,374,400 Over 10 years 1,414,857 Digitized for FTRoAtSaElR 529,815 3,627 23,921,916 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDEZuil RESERVE BANKS ON MAY 20, 1953 (in thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St .Louie Mpls. Kans.Cy. Dallas SanFran. Gold certificates 20,635,602 616,626 6,738,414 1146,557 1439,715 731,412 606,420 4469,286 546,433 300,494 963,610 489,072 2587,563 Redemption fund for F. R. notes 748,196 62,545 71,786 57,951 85,137 76,573 62,219 126,480 50,963 26,155 40,549 30,623 57,215 Total gold certificate reserves 21,383,798 679,171 6,810,200 1204,508 1524,852 807,985 668,639 4595,766 597,396 326,649 1004,159 519,695 2644,778 Other cash 331,943 22,782 58,853 21,491 26,419 17,501 29,155 66,468 18,585 6,335 11,129 16,143 37,082 Discounts and advances 529,815 39,070 59,148 43,428 43,794 41,175 56,319 116,566 23,971 29,974 19,882 27,128 29,360 Industrial loans 3,627 — — 3,087 — 22 401 — -- 117 U. S. Govt, securities: Bought outright-- Bills 599,754 -- 206,740 37,568 58,256 42,874 — 99,240 15,215 16,373 23,816 28,957 70,715 Certificates 4,995,716 363,081 1,080,105 312,927 485,249 357,123 319,185 726,247 270,893 156,027 198,379 241,198 485,302 Notes 13,773,671 1001,015 2,977,950 862,769 1337,878 984,625 880,041 2002,348 746,877 430,179 546,953 665,007 1338,029 Bonds 4,521,975 328.639 977.678.. 203,252 439,233 323,258 288,923 657,382. 245,204 141,230 179,568 218,325 439,283 Total 23,891,116 1692,735 5,242,473 1496,516 2320,616 1707,000 1400,149 3405,217 1270,109 7^3,009 940,716 1153,J Held under repurchase agreement 30,800 -- 30,800 Total U, S. Government securities 23,921,916 1692,735 5,273,273 1496,516 2320,6l6 1707,880 i486,149 3485,217 1278,189 743,809 948,716 1153,487 2333,329 Total loans and " " ~ ~ securities 24,455,358 1731,805 5,332,421 1543,031 2364,410 1749,077 1544,869 3601,783 1302,160 773,900 968,598 1180,615 2362,689 Due from foreign banks 23 l l/ 7 2 2 1 1 3 1 1 1 1 2 F.R.notes of other banks 148,203 3,541 21%048 8,404 7,932 17,851 24,646 16,922 8,l8l 5,744 6,519 7,542 19,873 Uncollected cash items 4,118,903 349,698 801,386 260,667 366,508 333,243 279,905 662,296 167,763 112,353 204,023 203,06l 378,000 Bank premises 49,927 4,975 7,183 4,133 4,602 4,913 3,691 6,801 2,942 1,042 2,208 621 6,816 Other assets 230,374 16,700 49,329 l4,l88 22,275 16,482 15,410 32,938 12,072 7,010 9,875 11,615 22,480 TOTAL ASSETS 50,718,529 2808,673 13,080,427 3056,424 4317,000 2947,053 2566,316 8982,977 2109,100 1233,034 2206,512 1939,293 5471,720 l/ After deducting $16,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

i H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 20, 1953 (la thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mpls. Kans.Cy. Dallas SanFran. I federal Reserve notes 25,534,793 1572,831 5,625,156 1820,959 2365,697 1763,738 1365,336 4924,294 1178,562 641,015 1003,395 718,082 2555,728 .Deposits: 1 Member bank-reserve accts. 19,824,214 844,117 6,015,276 915,737 1498,866 827,927 888,499 3302,252 723,857 460,317 970,921 977,275 2399,170 ' U S.Treasurer-general acct. 144,703 134 138,684 682 13 25 761 806 538 593 1,033 215 1,219 | Foreign 584,16? 35,179 1/177,574 43,253 53,056 28,835 24,798 79,008 21,915 14,418 21,915 25,952 58,264 Other Total deposits 20,839,458 884,593 6,548,300 964,837 1555,284 860,578 918,972 3384,034 754,227 476,415 997,959 1004,683 2489,576 Deferred avail. cash items 3,286,478 284,927 609,41? 191,972 298,216 266,121 233,477 529,327 133,209 86,803 163,783 167,700 321,526 Other liabilities and accrued dividends 20,177 1,093 5,725 1,132 2,142 1,218 863 3,011 779 605 694 1,061 1,854 TOTAL LIABILITIES 49.680,906 2743,444 12,788,598 2978,900 4221,339 2891,655 2518,648 8840,666 2066,777 1204,838 2165,831 1891,526 5368,684 ' capital paid in '257,678 13,803 81,311 17,490 24,665 11,18? 10,895 32,965 8,914 5,787 9,797 12,899 27,965 , Surplus (Section 7> 584,676 36,462 167,503 43,578 54,064 29,248 25,803 84,628 23,628 15,131 21,925 25,381 57,325 ' Surplus (Section 13b) 27,543 3,011 7,319 4,489 1,006 3,349 762 1,429 521 1,073 1,137 1,307 2,l4o Other capital accounts 167,726 11,953 35,696 11,967 15>926 ll,6l4 10,208 23,289 9,260 6,205 7,822 8,180 15,606 TOTAL LIABILITIES AND ~ , CAPITAL ACCOUNTS 50,718,529 2808,673 13,080,42? 3056,424 4317,000 2947,053 2566,316 8982,977 2109,100 1233,034 2206,512 1939,293 5471,720 Contingent liability on acceptances purchased „ , , , . . for foreign correspondents 32,703 1,991 2/9,695 2,448 3,002 1,632 1,403 4,471 1,240 816 1,240 1,469 3,296 Industrial loan commitments 2,710 —- -— 1,147 749 52 --- 24 —- — 738 FEDERAL RESERVE AGENTS' ACCOUNTS F. R notes outstanding 26,499,876 1626,561 5,852,585 1878,219 244?,289 1849,961 1436,489 5012,381 1229,38? 655,645 1031,496 759,968 2719,895 Collateral for F.R. notes: „ . . . 0 Gold certificates 12,484,000 390,000 4,520,000 745,000 770,000 450,000 310,000 2700,000 280,000 145,000 280,000 194,000 1?00,000 Eligible paper 263,511 38,490 49,345 42,715 — 40,700 - - 23,610 29,736 19,515 19,400 U. S. Govt, securities 14,800,000 1300,000 1,500,000 1200,000 1700,000 1450,000 1200,000 2400,000 1025,000 525,000 800,000 600,000 1100,000 Total collateral 27,547,511 1728,490 6,069,345 1987,715 2470,000 1940,700 1510,000 5100,000 1328,610 699,736 1099,515 794,000 2819,400 1/ After deducting $406,5?4,000 participations of other Federal Reserve Banks. 2/ After deducting $23,008,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis